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Sales promotions At the bottom of all its February sales receipts, Seifert Stores Inc. printed $2-off coupons. The coupons may be redeemed March 1-April 30.

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Sales promotions At the bottom of all its February sales receipts, Seifert Stores Inc. printed \$2-off coupons. The coupons may be redeemed March 1-April 30. Seifert Stores inc. accepts only cash, MasterCard, or VISA. During February, Seifert Stores completed the following selected transactions: Feb. 6. Sold merchandise to Mard Andrews with a tist price of $175 that cost Seifert Stores Ine. \$80. Mard presented a \$5-off coupon, which she clipped out of the iocal newspaper. Mardi used her visA card for the purchase. 18. Sold merchandise to Chris Johnson with a list price of $50 that cost Selfert \$tores $24. The bottom of Chris Johnson's cash receipt includes the $2-off coupon. Chris paid cash for his purchase. Assume that Selfert Stores Inc; sold $40,000,000 of merchandise in March and that 1,400,000 of the $20 - coupons were redeemed. The cost of the merchandise sold was 523,600,000. a. Journalize on March 31, the March sales for Seifert Stares inc. If an amount bex does not require an entry, leave it biank. b. Aswume that Sefert Stores Inc. sold $33,500,000 of merchandise in April and that 440,000 of the $2-off coupons were redeemed. The cost of the merchandise soid was $19,100,000. Journalue on April 30 the April sales of Seifert Stores inc. If an amount box does not require an entry, leave if blank

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